Finding Resiliency Amid Uncertainty: A Shareholder Yield Approach – New York Life Investments – 2.28.20

Summary:

Now On Demand.

The recovery in the U.S., which started in 2009, is now officially the longest on record. It’s also been the most tepid. However, late-cycle doesn’t mean end-of-cycle, and there are reasons to expect this expansion can last a few more years. The challenge for investors will be to ride out inevitable market uncertainty and volatility.

Join Epoch Investment Partners’ Bill Priest for an in-depth discussion that will cover:

• U.S. outlook for 2020: Fading concerns, modest returns
• Hyper-active central banks
• Tech is the new macro, data is the new oil
• A world of yield starvation
• Free cash flow focus
• Why shareholder yield, why now

Speakers:

Bill is Chief Executive Officer and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads Epoch’s Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities. Prior to co-founding Epoch in 2004 with David Pearl, Tim Taussig and Phil Clark, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Before joining Steinberg Priest, he was a member of the Global Executive Committee of Credit Suisse Asset Management (CSAM), Chairman and Chief Executive Officer of Credit Suisse Asset Management Americas and CEO and portfolio manager of its predecessor firm BEA Associates, which he co-founded in 1972. During his 30 year tenure at BEA and CSAM, he developed the firm into a well-recognized investment manager with over $100 billion under management. Bill is the author of several published articles and papers on investing and finance, including the books, The Financial Reality of Pension Funding Under ERISA, Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor, and Winning at Active Management: The Essential Roles of Culture, Philosophy and Technology (with co-authors Steven Bleiberg and Michael Welhoelter). He holds the Chartered Financial Analyst designation, is a former CPA and a graduate of Duke University and the University of Pennsylvania Wharton Graduate School of Business. He is a member of the Council on Foreign Relations.

Steve Sciortino is a Managing Director at New York Life Investments, responsible for the Product Management Group. In this role, Steve is responsible for driving product strategy and leading the product management efforts for the Funds and ETFs, working with marketing and sales teams to collectively achieve firm goals. Steve’s group provides product positioning ideas, market insights, investment updates, data analytics, and competitive analysis to various internal and external partners.

Steve holds a BA in Political Science from Monmouth University and an MBA from New York University Stern School of Business. He has over 20 years of industry experience.